• Spain to explore oil reserves on its east coast

    Spanish oil company signs up a leading Norwegian engineering company to do infrastructure work for to oil exploration projects off the east coast of Spain

  • Chinese hackers target government

    The Chinese government has embarked on a massive industrial espionage campaign aimed to hasten China’s rise to global technological and economic dominance while at the same time weakening Western companies; Aussie intelligence says Australia is now also a target of that campaign

  • India's Tata Group, U.S. company to manufacture defense equipment

    India is worried about China’s growing military might; Indian companies see an opportunity here, and more and more of them are looking to enter the defense market — with U.S. companies as partners; the U.S. government, too, is intensifying its defense cooperation with India

  • airBaltic selects cockpit security from AD Aerospace

    One key security upgrade which resulted from the 9/11 attacks has been the installation of impregnable cockpit doors; locked doors means that the pilots need other means to monitor area right outside the cockpit — and airBaltic chooses AD Aerospace’s gear for that

  • Lumidigm completes $7 million funding round

    VCs continue to show interest in biometric technologies; Series C funds will support customer-centric deployments of multispectral imaging fingerprint systems

  • Magal Security Systems receives $45 million in contracts

    Israeli smart-fencing company receives contracts from several U.S. critical infrastructure operators; recent developments along the Gaza-Stip-Egypt border offer Magal new opportunities

  • Emphasis shifts to analytical tools rather than building sturdier walls

    The $169 million PayPal paid for Israeli on-line security specialist Fraud Sciences is part of a larger trend in security: “Security is less a matter of keeping everyone outside the outer wall and more one of detecting them sneaking through the premises,” as one analyst put it

  • Intel No.1 on EPA Green Power Partner list

    Intel will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates; company said it hoped the record-setting purchase would help stimulate the market for green power

  • U.K. Ministry of Defense selects BAE for SSEI

    The Software Systems Engineering Initiative (SSEI) aims to reduce the cost and speed up production of the software; the government has identified such software as “the critical enabling technology” for modern platforms; BAE’s Military Air Solutions will lead a consortium to manage the project

  • In anxious markets, defense contractors are a safe, stable bet

    Market anxiety and worries about recession notwithstanding, U.S. defense companies are doing fine — and expect to be doing fine in the coming year; an analyst says that the defense industry is “a pillar of stability compared to the turbulent markets in other industries”

  • New direction charted for wartime contracting

    Government watchdog organizations say the cost of the war in Iraq has ballooned, in part, because of the dearth of trained acquisition professionals assigned to the theater and the failure of federal agencies to establish a uniform set of procurement policy guidelines

  • American Superconductor's New York grid work moves forward

    Massachusetts-based American Superconductor signed a contract to to develop and install new electrical power-grid technology in New York City which would enable Con Edison better to handle power surges and interruptions caused by accidents, weather or terrorist attacks; after government agencies’ squabble, and congressional examination of the contract, DHS tells company to go forward

  • Invenergy, GE Energy in $1 billion wind turbine deal

    Since 2004, GE’s wind turbine business has grown 500 percent, with its wind business revenues exceeding $4 billion in 2007; half of all wind turbines sold in the United States since 2005 were manufactured by GE

  • VC investing rises 11 percent in 2007 to $29.4 billion

    2007 saw U.S. VC funding continue to grow the fourth year in a row; there were 3,813 venture deals totaling $29.4 billion; clean technology, life sciences lead investments

  • L-1 to acquire biometric access control specialist Bioscrypt

    L-1 continues its expansionthrough-acquisition campaign; the latest acquisition is Candian biometrics specialist Bioscrypt; the acquisition would give L-1 a position in both the biometric physical and logical access control spaces as well as far more exposure to the commercial market than it currently has